Bitcoin Falls to $79,000, Danger Signal or Buying Opportunity?

JAKARTA, KOMPAS.com - Bitcoin’s price is once again under pressure after weakening by 2.28% in the last 24 hours to the level of $79,637.54 on Friday (8/5/2026).

That value is equivalent to around Rp1.31 billion per Bitcoin, assuming an exchange rate of Rp16,500 per US dollar.

The decline is occurring amid rising global geopolitical risks after Iran rejected a peace proposal from the United States to end the conflict in the Gulf region.

Geopolitical pressures are triggering sell-offs across various risky assets, including cryptocurrencies. This Bitcoin movement is considered more influenced by macroeconomic and geopolitical factors than by the asset’s own fundamentals.

Tokocrypto analyst Fyqieh Fachrur stated that Bitcoin’s weakening is due to global investors starting to reduce exposure to risky assets.

“The drop in Bitcoin to the $79,000 area is more caused by a surge in geopolitical risks after Iran rejected the US peace proposal. This has triggered risk-off sentiment in the global market, so investors tend to temporarily exit risky assets, including crypto,” said Fyqieh.

According to him, the pressure on Bitcoin is also amplified by the liquidation of highly leveraged long positions.

In the last 24 hours, around $97.53 million in Bitcoin positions were liquidated. The majority came from long positions.

That value is equivalent to around Rp1.61 trillion.

“The selling action is not only coming from the spot market but is also exacerbated by liquidations in the derivatives market. When many long positions use high leverage, even a small price drop can trigger chain liquidations and accelerate selling pressure,” he explained.